Section 23-37-206 - Division of Savings and Loan Associations - Supervisor - Staff

(a) There is created a Division of Savings and Loan Associations of the State Securities Department which shall be administered by the Supervisor of Savings and Loan Associations.(b)(1)(A) The Securities Commissioner, in consultation with the Secretary of the Department of Commerce and the Bank Commissioner, shall act as Supervisor of Savings and Loan Associations.(B) The Securities Commissioner may appoint an assistant securities commissioner responsible for financial institutions to act as the Assistant Supervisor of Savings and Loan Associations and perform all duties delegated by the Securities Commissioner.(2) The supervisor, in consultation with the Secretary of the Department of Commerce, shall appoint any other assistants, secretaries, and examiners who may be necessary to assist in the performance of his or her duties under this chapter.Amended by Act 2023, No. 475,§ 6, eff. 8/1/2023.Amended by Act 2019, No. 910,§ 572, eff. 7/1/2019.Acts 1963, No. 227, § 2; 1979, No. 361, § 2; A.S.A. 1947, § 67-1802.

(a) There is created a Division of Savings and Loan Associations of the State Securities Department which shall be administered by the Supervisor of Savings and Loan Associations.(b)(1)(A) The Securities Commissioner, in consultation with the Secretary of the Department of Commerce and the Bank Commissioner, shall act as Supervisor of Savings and Loan Associations.(B) The Securities Commissioner may appoint an assistant securities commissioner responsible for financial institutions to act as the Assistant Supervisor of Savings and Loan Associations and perform all duties delegated by the Securities Commissioner.(2) The supervisor, in consultation with the Secretary of the Department of Commerce, shall appoint any other assistants, secretaries, and examiners who may be necessary to assist in the performance of his or her duties under this chapter.Amended by Act 2023, No. 475,§ 6, eff. 8/1/2023.Amended by Act 2019, No. 910,§ 572, eff. 7/1/2019.Acts 1963, No. 227, § 2; 1979, No. 361, § 2; A.S.A. 1947, § 67-1802.